SSPN still have tax deductible of 8k for 2023?

I dumped in 8k for tax benefit only..... its definitely better than 4.5%.....when you tally up the savings ..

This SSPN 8k taxable deduction, if you withdraw X amount, you need to replace X amount first before you can claim the 8k again for the year.

That's what the officer tell at the counter when I submit the withdrawal form.

This post has been edited by gamenoob: Apr 13 2024, 11:39 AM

Never really pay attention to it as just dumping in for annual tax relief last few years.

Anyway kid almost finish college and funds all prep. So going to rebalance the contribution.